GOING
THE DISTANCE
EUROSPORTS
GLOBAL
.88
NOT E S TO T HE
F I NANC I A L S TAT EMEN T S
YEAR ENDED
31 MARCH, 2016
18.
CASH AND CASH EQUIVALENTS (CONT¡¯D)
18A. Cash and cash equivalents in the statement of cash flows:
GROUP
2016
$¡¯000
2015
$¡¯000
Amount as shown above
6,655
9,581
Cash restricted in use over 3 months
(360)
(360)
Cash and cash equivalents for statement of cash flows purposes
at end of the year
6,295
9,221
18B. Non-cash transactions:
There were acquisitions of plant and equipment and inventories with a total cost of $Nil (2015: $654,000) and
$1,645,856 (2015: $565,000) respectively acquired by means of finance leases.
19.
SHARE CAPITAL
Number
of shares
issued
Share
capital
¡¯000
$¡¯000
Group and Company
Ordinary shares of no par value:
Balance 1 April 2014, 31 March 2015 and 31 March 2016
265,000
18,469
The ordinary shares of no par value are fully paid, carry one vote each and have no right to fixed income. The company
is not subject to any externally imposed capital requirements.
Capital management:
The objectives when managing capital are: to safeguard the reporting entity¡¯s ability to continue as a going concern,
so that it can continue to provide returns for owners and benefits for other stakeholders, and to provide an adequate
return to owners by pricing the sales commensurately with the level of risk. The management sets the amount of
capital to meet its requirements and the risk taken. There were no changes in the approach to capital management
during the reporting year. The management manages the capital structure and makes adjustments to it where
necessary or possible in the light of changes in conditions and the risk characteristics of the underlying assets.
In order to maintain or adjust the capital structure, the management may adjust the amount of dividends paid to
owners, return capital to owners, issue new shares, or sell assets to reduce debt. Adjusted capital comprises all
components of equity (that is, share capital and reserves).
